This Basket of Stocks Is Up 85% in 1 Year -- but Could Still Be a Bargain
Just over a year ago, I wrote an article where I suggested a basket of five real estate investment trusts, or REITs, that focus on retail properties. At the time (about three months into the COVID-19 pandemic), there was tremendous uncertainty about the future of retail. We had no idea whether a safe and effective vaccine would ever be developed, and for all we knew, capacity limitations and social distancing would be around for years.
As a result, some of the best-run retail REITs were trading for fire-sale prices. But I invested with two main principles in mind -- that people want to get out of their houses to shop, eat, and be entertained, and that science would figure out how to effectively fight the pandemic.
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Source Fool.com
